Commercial Water Heater Market Size - By Product (Instant, Storage), By Capacity (<30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, >400 Liters), By Application, By Energy Source, By Channel, Country Outlook & Forecast, 2024

Description

Commercial water heater market size is predicted to witness 6.8% CAGR from 2024 to 2032 driven by the increasing demand for efficient and reliable water heating solutions in commercial establishments. With businesses like hotels, restaurants, and office buildings expand and modernize, they are requiring high-capacity water heaters to handle large volumes of hot water consistently. The rising emphasis on energy efficiency and sustainability is also playing a significant role, as commercial properties seek to reduce operational costs and carbon footprints. For instance, in October 2023, Voltas entered the water heater market with the launch of Voltas Water Heaters.

Governments and regulatory bodies are also implementing stricter efficiency requirements and offering incentives for the adoption of high-efficiency water heating systems. These regulations are encouraging businesses to upgrade their existing systems to meet the new standards, fostering the market expansion. The increasing availability of smart water heater technologies, which allow remote monitoring and control, will also enhance the appeal of commercial water heaters by offering improved convenience and operational oversight.

The industry is classified into product, energy source, capacity, application, channel, and region.

Based on product, the commercial water heater market size from the storage segment is set to witness notable CAGR during 2024-2032. This is due to its ability to provide a consistent and reliable supply of hot water for high-demand applications. Storage water heaters, which include tank-type systems, are particularly advantageous for commercial establishments, such as hotels, restaurants, and large office buildings, where large volumes of hot water are required on a continuous basis.

Commercial water heater market from the government/military application segment is anticipated to observe significant growth rate during 2024-2032 owing to the substantial and specialized hot water needs in public facilities and defense installations. Government buildings, military bases, and other public infrastructure are necessitating reliable and high-capacity water heating systems to support a variety of functions, including administrative operations, sanitation, and communal facilities.

Asia Pacific commercial water heater industry is anticipated to grow at a notable CAGR through 2032 attributed to rapid urbanization and the expansion of the hospitality and real estate sectors. As cities grow and new commercial properties, such as hotels, office buildings, and shopping centers are developed, there is heightened need for efficient and reliable water heating solutions to meet the demands of large-scale facilities across the region.

Product Code: 2910

Chapter 1 Methodology & Scope

1.1 Research design
1.2 Base estimates & calculations
1.3 Forecast model
1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Price trend analysis
3.6 Porter's analysis
- 3.6.1 Bargaining power of suppliers
- 3.6.2 Bargaining power of buyers
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
3.7 PESTEL analysis

Chapter 4 Competitive landscape, 2023

4.1 Introduction
4.2 Strategic dashboard
4.3 Innovation & technology landscape

Chapter 5 Market Size and Forecast, By Product, 2021 - 2032 (USD Million & '000 Units)

5.1 Key trends
5.2 Instant
5.3 Storage

Chapter 6 Market Size and Forecast, By Energy Source, 2021 - 2032 (USD Million & '000 Units)

6.1 Key trends
6.2 Electric
6.3 Gas

Chapter 7 Market Size and Forecast, By Capacity, 2021 - 2032 (USD Million & '000 Units)

7.1 Key trends
7.2 <30 liters
7.3 30-100 liters
7.4 100-250 liters
7.5 250-400 liters
7.6 >400 liters

Chapter 8 Market Size and Forecast, By Application, 2021 - 2032 (USD Million & '000 Units)

8.1 Key trends
8.2 College/university
8.3 Offices
8.4 Government/military
8.5 Others

Chapter 9 Market Size and Forecast, By Channel, 2021 - 2032 (USD Million & '000 Units)

9.1 Key trends
9.2 Online
9.3 Dealer
9.4 Retail

Chapter 10 Market Size and Forecast, By Region, 2021 - 2032 (USD Million & '000 Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 France
- 10.3.3 Germany
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Netherlands
- 10.3.7 Portugal
- 10.3.8 Romania
- 10.3.9 Switzerland
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 South Korea
10.5 Middle East & Africa
- 10.5.1 Saudi Arabia
- 10.5.2 UAE
- 10.5.3 South Africa
- 10.5.4 Egypt
10.6 Latin America
- 10.6.1 Brazil
- 10.6.2 Argentina

Chapter 11 Company Profiles

11.1 American Standard Water Heaters
11.2 A.O Smith
11.3 AQUAMAX Australia Pty. Limited
11.4 Bosch Thermotechnology Corp.
11.5 Bradford White Corporation
11.6 BDR Thermea Group
11.7 GE Appliances
11.8 Heatre Sadia
11.9 HTP
11.10 ORBITAL HORIZON
11.11 Powrmatic Ltd.
11.12 Racold
11.13 Rinnai Corporation
11.14 Rheem Manufacturing Company
11.15 STIEBEL ELTRON GmbH & Co. KG
11.16 State Industries
11.17 Saudi Ceramic Company
11.18 Toshiba Corporation
11.19 Westinghouse Electric Corporation

Commercial Water Heater Market Size - By Product (Instant, Storage), By Capacity (<30 Liters, 30-100 Liters, 100-250 Liters, 250-400 Liters, >400 Liters), By Application, By Energy Source, By Channel, Country Outlook & Forecast, 2024 - 2032